Bud Exchanges Land with an Adjusted Basis of $22,000 and a Fair

question 29

Multiple Choice

Bud exchanges land with an adjusted basis of $22,000 and a fair market value of $30,000 for another parcel of land with a fair market value of $28,000 and $2,000 cash.What is Bud's recognized gain or loss?

• A)$0
• B)$2,000
• C)$6,000
• D)$8,000

---

Definitions:

Imbalanced Nutrition

A condition where an individual's dietary intake does not provide the necessary nutrients for proper health and function.

Continuous Pulse Oximetry

A non-invasive method to monitor the oxygen saturation level of the blood continuously.

Postoperative Patient

A postoperative patient is an individual who is in the recovery phase following surgical procedures, requiring specific care and monitoring to ensure proper healing.

Suction Equipment

Devices used in medical settings to remove bodily fluids, gases, or unwanted materials from a patient's airway or surgical site.